GST: News
GST rate cut to make consumer goods cheaper
The Goods and Services Tax (GST) Council's recent decision to revise rates under two broad slabs, 5% and 18%, is expected to make a wide range of consumer goods cheaper.
GST 2.0: ITC shares rally as cigarettes face 40% tax
Shares of tobacco companies, including ITC and Godfrey Phillips India, surged on Thursday despite Finance Minister Nirmala Sitharaman announcing a 40% Goods and Services Tax (GST) rate on cigarettes.
How GST 2.0 makes even big and luxury cars cheaper
India's automobile market is set for a major change as the new Goods and Services Tax (GST) 2.0 comes into effect, making small, big, and even luxury cars more affordable.
GST cut to make TVs, ACs, and other appliances cheaper
A wide range of consumer electronics, including large-screen televisions (TVs), air-conditioners (ACs), and dishwashers, is likely to see significant price cuts.
GST 2.0: Will smartphone prices be affected?
The Indian government has approved major changes to the Goods and Services Tax (GST), set to come into effect on September 22.
GST Council hikes tax on private jets, yachts to 40%
The Goods and Services Tax (GST) Council has announced a major hike in taxes on private aircraft, yachts, and premium travel. The new rates will come into effect from September 22.
GST Council approves new rates: Check what's cheaper and costlier
The Goods and Services Tax (GST) Council has approved changes to India's indirect tax structure, which will come into effect from September 22.
Shares of Indian automakers soar as GST Council reduces tax
Shares of Indian automakers witnessed a major spike on September 4. The surge came after the Goods and Services Tax (GST) Council approved a series of tax reforms.
These items face record 40% GST under new reform push
The Goods and Services Tax (GST) Council has approved a major increase in tax rates for 'sin goods,' including cigarettes, sugar-sweetened beverages, and luxury cars.
GST Council approves 2-tier tax structure of 5% and 18%
The Goods and Services Tax (GST) Council has approved a two-tier rate structure of 5 and 18%, abolishing the 12% and 28% rates.
You can soon register non-risky businesses in just 3 days
The Goods and Services Tax (GST) Council is likely to have approved a major reform to expedite the registration process for non-risky businesses.
Your health, life insurance premiums are about to become cheaper
The Group of Ministers (GoM) on health and life insurance has tentatively agreed that Goods and Services Tax (GST) should be exempted from these insurance policies.
GST collections reach ₹1.86T in August, up 6.5% YoY
India's Goods and Services Tax (GST) collections for August stood at ₹1.86 lakh crore, a year-on-year increase of 6.5%, according to government data released on Monday.
Reduce GST on tires to 5%: Industry body to government
The Automotive Tyre Manufacturers Association (ATMA) has urged the Indian government to reduce the Goods and Services Tax (GST) on automotive tires from 28% to 5%.
GST 2.0 impact: E-commerce sales dip as shoppers adopt wait-watch
As the industry gears up for the implementation of GST 2.0, a major shift in consumer behavior is being observed in the e-commerce sector.
Luxury car makers seek GST clarity ahead of festive season
Luxury car manufacturers are urging the government to provide clarity on Goods and Services Tax (GST) rates, ahead of the festive season.
Equity markets eye GST Council meeting, macro-data for trend cues
Equity markets are expected to closely follow the upcoming Goods and Services Tax (GST) Council meeting and macroeconomic data releases next week.
India Inc to hit 5-6% revenue growth in Q2: ICRA
Rating agency ICRA has projected a muted revenue growth of 5-6% for India Inc. in the second quarter of FY2026.
Flipkart is facing GST probe over alleged billing malpractice
Flipkart, the Walmart-owned online marketplace, is facing a preliminary investigation over allegations of altering its billing structure to reduce its goods and services tax (GST) liability.
Demand boost from GST restructuring will address any revenue losses
The proposed restructuring of the Goods and Services Tax (GST) rates could initially impact state revenues.
Compensation cess to states might be terminated by October 31
The Goods and Services Tax (GST) Council is likely to discuss the early termination of the compensation cess during its meeting on September 3-4.
Modi government to launch new GST slabs around September 22
The Goods and Services Tax (GST) Council, led by Finance Minister Nirmala Sitharaman, is likely to introduce new GST rate slabs around September 22. The move is aimed at boosting festive demand in India.
Auto sales slow as buyers await possible GST rate cut
The auto industry is witnessing a slowdown in sales momentum, with customers delaying their purchases.
India's real-money gaming ban could put 2L jobs at risk
India's real-money gaming (RMG) industry, a $25 billion sector employing over two lakh people directly and indirectly, is under threat from the Indian government's draft online gaming bill.
GST 2.0: What will get cheaper under India's tax overhaul
In a major move, Prime Minister Narendra Modi has announced plans to revamp India's Goods and Services Tax (GST) system.
GST reform: 10% of India's retail basket to see relief
A recent analysis by Moneycontrol has revealed that nearly 10% of India's consumption basket could get direct relief from the proposed Goods and Services Tax (GST) rationalization in October.
GST 2.0 may hit alcohol, gaming, cigarettes with 40% tax
The Indian government's proposal to impose a 40% "sin tax" under its new Goods and Services Tax (GST) 2.0 framework is likely to bring attention to specific stocks in the market.
GST revamp to slash prices on essentials: What's getting cheaper
Prime Minister Narendra Modi has announced major changes to the Goods and Services Tax (GST) system, calling it a "festive gift" for Diwali.
US tariffs hit diamond industry; 100,000 jobs lost in Saurashtra
The Indian diamond cutting and polishing industry is reeling under the impact of steep US tariff hikes.
Karnataka: GST evasion surges 5x to almost ₹40,000cr in FY25
Karnataka has witnessed a massive five-fold increase in the amount of Goods and Services Tax (GST) evasion detected in the fiscal year 2024-25.
How GST applies to under‑construction homes in 2025
If you're planning to buy an under-construction residential property in 2025, it's important to factor in Goods and Services Tax (GST) into your budget.
GST collections for July jump 7.5% YoY to ₹1.96L crore
India's Goods and Services Tax (GST) collection for July stood at ₹1.96 lakh crore, a year-on-year increase of 7.5%, government data showed today.
No GST on UPI transactions above ₹2,000: Finance Ministry
The Ministry of Finance has confirmed that there are no plans to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions over ₹2,000.
Modi hails Operation Sindoor; calls Parliament Monsoon Session 'Vijay Utsav'
Prime Minister Narendra Modi on Monday called the upcoming Monsoon Session of Parliament a "celebration of victory."
Fraudulent tax claims worth ₹15,850cr detected in Q1 FY26
Goods and Services Tax (GST) officers have detected fraudulent Input Tax Credit (ITC) claims worth ₹15,851 crore in the April-June quarter of the current fiscal.
After Karnataka, more states seek merchant data from UPI apps
Following Karnataka, four other Indian states, Andhra Pradesh, Uttar Pradesh, Tamil Nadu, and Gujarat, have sought annual turnover data from Unified Payments Interface (UPI) apps and payment aggregators.
Why some shops are refusing UPI payments in Karnataka
The Karnataka Commercial Tax Department's recent move to issue demand notices to traders over Goods and Services Tax (GST) evasion has created a stir.
GST relief could lower prices on kitchenware, clothes, and shoes
The Indian government is reportedly considering a reduction in Goods and Services Tax (GST) rates for middle and lower-income households.
India's GST collections touch record ₹22L crore in FY25
India's Goods and Services Tax (GST) collections have doubled in the last five years, hitting a record ₹22.08 lakh crore for FY25.
GST filing gets stricter from July 1: Key changes explained
The Goods and Services Tax (GST) compliance process will change from July 1, 2025, with two major amendments: locking of GSTR-3B forms and a three-year time limit for filing returns.